Finance minister Nirmala Sitharaman indicated that SWAMIH Investment Fund II (SWAMIH) is in the process of being formally launched, marking the next phase of a government?backed effort to revive stalled housing projects. She noted that the fund will aim to facilitate the completion of residential projects that face funding gaps and to protect homebuyers and employment in the housing sector. The announcement follows earlier interventions that sought to unlock stuck capital and to restore confidence in the residential development market. The fund is expected to operate with a mandate similar to the first SWAMIH vehicle, which focused on investing in stressed residential projects to ensure timely completion. Officials have outlined procedures for fund administration, investor participation and project selection, and the finance ministry has been coordinating with state governments and regulatory agencies to streamline approvals. Market participants said that a formally launched second fund could catalyse private investment and address liquidity constraints that have hindered several mid?segment projects. Sitharaman emphasised that policy measures and dedicated vehicles such as the SWAMIH series form part of a broader strategy to stabilise the housing sector and to protect consumer interest. Analysts expect that the formalisation of the fund will improve transparency around asset valuation, oversight and exit mechanisms for investors and that this clarity could in turn attract additional capital. Creditors and developers have been urged to engage with the fund framework to accelerate resolutions for incomplete projects. Observers noted that while the fund will not be a singular solution, it represents a targeted instrument to address specific bottlenecks within the real estate ecosystem. The finance ministry will monitor outcomes and may adapt the fund structure in response to implementation challenges and market feedback. Homebuyers, developers and lenders are likely to watch operational details closely as the launch progresses.